Page 2 - Shriram Transport

Fitch upgrades outlook on Shriram Transport from 'negative' to 'stable'

The rating agency affirmed "BB-" rating for Manappuram Finance's Issuer Default Ratings with "Stable" outlook

Two technical stock picks by Vaishali Parekh of Prabhudas Lilladher

Ashok Leyland stock has witnessed a decent correction from Rs 143 level and bottomed out near the significant 200-DMA level of Rs 116

Shriram Transport Finance raises nearly Rs 2,000 crore through QIP

The issue, which was launched on June 7, 2021, received 6.3 times oversubscription, a company release said.

Northern Arc completes Rs 350 cr MLD for Shriram Transport Finance

Northern Arc says it is focusing on the financing of Used CVs.

Second Covid-19 wave: India Inc steps in as govt falters on health care

Amid a massive surge in Covid patients, companies are coming forward with several innovative initiatives to help people

Shriram Transport declares second dividend of Rs 6 per share for FY21

The company has also elevated Umesh Revankar as the Vice Chairman and Managing Director with effect from April 1, 2021

BSE Midcap index hits new high as financials, Adani group stocks rally

At 02:04 pm, the S&P BSE Midcap, the top gainer among broader indices, was up 1.5 per cent after hitting an intra-day high of 20,234 on the BSE

Not looking at three-way merger now: Revankar of Shriram Transport

In a Q&A, the firm's MD &CEO says as fleets resume plying, recast requests are likely to be lower than the 3% that the company had earlier planned

Shriram Transport: Business bounce back at full throttle in Q3

Disbursements at pre-covid levels, assuring commentary on slippages and asset quality are positives

Shriram Transport Finance soars 15% on improvement in asset quality in Q3

The company's PAT during the quarter under review declined 17 per cent YoY to Rs 728 crore due on the back of higher Covid-related provisioning

Shriram Transport Q3 profit down 17% at Rs 727 cr on addl Covid provision

Gross NPA and net NPA as of December 2020 stood at 5.33 per cent and 3.22 per cent, respectively, as against 8.71 per cent and 6.09 per cent by the same period a year ago

Over 90% BSE 200 components posted gains; 116 jumped over 10% in November

Market players said several stocks in the boarder markets were trading at attractive valuations

Vehicle financing stocks: Rally doesn't price in flattening business growth

Some of the critical customer (bus services) segments, such as tourism, education institutions and offices, and state transport may take time to recover

Shareholders oust TPG's Bhatia from Shriram Transport Finance board

Resolution for his reappointment got only 43.1% overall, failing to reach 50% threshold required to pass an ordinary resolution

Shriram City Union rises 4% as June quarter profit shows sequential growth

Total income on a standalone basis for the quarter ending June 30, 2020 stood at Rs 1,414.57 crore

MARKET WRAP: Indices rally for 5th straight day, Sensex ends 187 pts higher

All that happened in the markets today

Shriram Transport to tap market after a decade, plans Rs 1,500 cr rights

Sources said issue may be launched July-end or first week of August; eight merchant bankers have been shortlisted

Shriram Transport Finance gains over 6% post March quarter results

The company made a provision of Rs 909.64 crore on account of the Covid-19 impact

We do not hold any additional tier I bonds of YES Bank: Shriram Transport

The company further noted that "the company had invested in Upper Tier II Bonds of Yes Bank Ltd of Rs 50 crores in the year 2010 and the same are outstanding as on date"

Shriram Transport Finance zooms 13% on strong Q3FY20 results

Its gross non-performing assets ratio improved 10bp in December quarter on sequential basis, driven by lower net slippages.